Barriers to getting into the business email compromise - aka CEO fraud - game continue to fall, with security vendor Digital Shadows finding that compromised email accounts for a company's finance department can typically be purchased via the black market for just $150 to $500.
The British and Dutch governments have issued a strong rebuke to the Russian government over an ongoing series of "Fancy Bear" hack attacks that they say were launched by Russia's military intelligence agency Russian Main Intelligence Directorate, aka the GRU.
The U.S. Justice Department unsealed a criminal indictment charging seven alleged Russian GRU military intelligence agency officers with hacking multiple organizations, including the World Anti-Doping Agency, as part of APT 28 - aka Fancy Bear - cyber espionage operations.
The latest edition of the ISMG Security Report features an analysis of the latest developments in Facebook's massive data breach and expert analysis of the potential for nation-state interference in the U.S. midterm elections.
A gang of North Korean government hackers, known as APT38, has stolen more than $100 million from banks in Asia and Africa via fraudulent SWIFT transfers, cybersecurity firm FireEye warns. Separately, the U.S. government says North Korea is also behind serious ATM malware cash-out attacks.
Tesco Bank has been hit with a £16.4 million ($21.3 million) fine by the U.K.'s Financial Conduct Authority for failing to prevent and more rapidly block thousands of fraudulent transactions that drained £2.3 million ($3 million) directly from customers' bank accounts.
The U.K.'s data protection regulator has fined Bupa Insurance Services £175,000 ($228,000) for failing to stop an employee from stealing 547,000 customer records, which were later offered for sale on the dark web. The ICO found that the health insurer's CRM system lacked adequate security controls.
Several days after the Port of San Diego was hit by a crypto-locking ransomware attack, incident response efforts remain underway and many port systems remain offline. Port officials say the attacker has demanded a ransom, payable in bitcoin, for the promise of a decryption key.
An Australian man who as a teenager managed to infiltrate Apple's networks and do it again after the company expelled him - aided by a folder on his laptop storing his "Hacky Hack Hack Methods" - has been sentenced to serve eight months of probation, according to news reports.
In Australia, it can take as few as 15 minutes to steal someone's phone number, a type of attack known as SIM hijacking. Such attacks are rising, but mobile operators have no plans to change the authentication required around number porting, which can be set in motion online with minimal personal information.
Police in India have made seven arrests of suspected money mules involved in the theft of $13.5 million from Cosmos Bank. Authorities continue to investigate the heist in hopes of identifying those who led the attack.
One mystery with the recently discovered payment card sniffing attacks against such organizations as British Airways and Newegg has been how attackers might have first gained access to the victims' networks. But a number of cybercrime markets sell such access, in some cases for as little as 50 cents.
Online retailer Newegg is investigating a malware attack that may have stolen customers' payment card details for more than a month. Security firms have traced the heist to Magecart, a loose affiliation of cybercrime gangs also tied to payment card data breaches at British Airways and Ticketmaster.
Criminals operating online continue to target cryptocurrencies, leverage phishing and other social engineering attacks, as well as tweak age-old scams - including Nigerian prince emails - for the modern age. So warns Europol in its latest Internet Organized Crime Threat Assessment.
Lawsuits sparked by massive data breaches at Yahoo - and the company's failure to report those breaches to investors in a timely manner - could soon be resolved. Plaintiffs and defendants say they have committed to a $47 million deal that they expect to submit for court approval within 45 days.